Zoom Communications, Inc. (NASDAQ:ZM) Given Average Rating of “Hold” by Analysts

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have received a consensus rating of “Hold” from the twenty-six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $87.00.

Several equities research analysts have recently weighed in on ZM shares. Rosenblatt Securities upped their price target on Zoom Communications from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Mizuho dropped their price objective on Zoom Communications from $105.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price objective on Zoom Communications from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. Finally, Piper Sandler increased their price objective on Zoom Communications from $77.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd.

Insider Activity at Zoom Communications

In related news, COO Aparna Bawa sold 16,099 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $72.59, for a total value of $1,168,626.41. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at $143,583.02. This represents a 89.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Chadwick sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $72.57, for a total value of $907,125.00. Following the completion of the sale, the director owned 1,514 shares in the company, valued at approximately $109,870.98. This represents a 89.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,671 shares of company stock worth $7,076,838 in the last three months. 11.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zoom Communications

A number of institutional investors and hedge funds have recently bought and sold shares of ZM. Wayfinding Financial LLC acquired a new stake in Zoom Communications in the 1st quarter valued at $25,000. SouthState Corp acquired a new stake in Zoom Communications in the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in Zoom Communications by 177.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 246 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Zoom Communications in the 4th quarter valued at $30,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Zoom Communications in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Down 0.1%

ZM opened at $77.38 on Thursday. The company’s 50 day moving average is $79.40 and its 200-day moving average is $78.61. Zoom Communications has a 1-year low of $55.06 and a 1-year high of $92.80. The company has a market cap of $23.41 billion, a P/E ratio of 23.24, a PEG ratio of 12.68 and a beta of 0.68.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.13. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. Zoom Communications’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. On average, equities analysts forecast that Zoom Communications will post 2.93 EPS for the current year.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.